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or the aftermath of sandy. those things are doing better. i want to look at names that is in the earnings front which is cigna. you see an up arrow hitting a 52 week high. membership growing and that certainly helps their profits. they beat the street and they raised forecasts and they are cutting 4% of the work force through the year 2014 and will reinvest them up at money back into the business. we are seeing an up arrow. back to you. cheryl: thank you very much. positive job news but business execs are very concerned about the rising cost they need to pay for employees's health-insurance. we will get reaction from the head of the nation's largest staffing firm. dennis: the tax man extending the deadline for businesses that file returns on payroll and excise taxes. cheryl: let's look at how the world currencies are faring against the u.s. dollar. the euro, not a lot of movement. the canadian dollar and the peso minimum movement in the currency market. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercede
or the aftermath of sandy. those things are doing better. i want to look at names that is in the earnings front which is cigna. you see an up arrow hitting a 52 week high. membership growing and that certainly helps their profits. they beat the street and they raised forecasts and they are cutting 4% of the work force through the year 2014 and will reinvest them up at money back into the business. we are seeing an up arrow. back to you. cheryl: thank you very much. positive job news but...
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sandy will be worse than irene for cablevision. substantially larger impact from hurricane sandy, $16 million impact it saw from hurricane irene. that is what we are looking at. significant costs could be related. that is the chief financial officer coming off and talking today. take a look, dow jones industrials doing quite well at 1.1%, 150 points for the dow. connell: ron paul is coming on to talk about today's election. is never boring. ron paul coming up next. dagen: easy to find winners across the market. take a look. dagen: we have been arguing all morning off the air about the right to vote and the need to exercise it and those folks in new hampshire, small town which opened its polls shortly after midnight every election day since 1960, votes, each for president obama. and mitt romney. the tied this year is the first in vix ville, the town voted for president obama in 2008, first time a democrat won in 40 years. just go vote. don't care where you live, whether it is blue, red or purple. connell: supporters could have an im
sandy will be worse than irene for cablevision. substantially larger impact from hurricane sandy, $16 million impact it saw from hurricane irene. that is what we are looking at. significant costs could be related. that is the chief financial officer coming off and talking today. take a look, dow jones industrials doing quite well at 1.1%, 150 points for the dow. connell: ron paul is coming on to talk about today's election. is never boring. ron paul coming up next. dagen: easy to find winners...
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how will sandy hurt their bottom line? >> no surprise to hear companies will begin and i'm sure, lori and melissa, over the next 10, 12 days, reporting a lot of companies noting changes in earnings per share because of revenue they expect with sandy. two names already gotten facts on and that includes verizon when they talk about corporate earnings in the current quarter. fourth quarter operating results actually could be significant because of sandy's impact. so that is number one. the other one that we're following closely are the airlines. delta in particular, which canceled more than 3500 flights. of course they're trying to get back to normal out of new york's laguardia airport today, saying it could impact october profit by $20 million in revenue by $45 million. so this negative impact just not on the two names. you will hear from a lot of companies. back to you. lori: just getting started, nicole, thank you. melissa: better than expected jobs reported playing on the commodity markets. fox business's and commodities
how will sandy hurt their bottom line? >> no surprise to hear companies will begin and i'm sure, lori and melissa, over the next 10, 12 days, reporting a lot of companies noting changes in earnings per share because of revenue they expect with sandy. two names already gotten facts on and that includes verizon when they talk about corporate earnings in the current quarter. fourth quarter operating results actually could be significant because of sandy's impact. so that is number one. the...
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if it was run of i will in northeaster without sandy yeah we could deal with it. we dealt with it with it before. everything is fragile. including people without homes, people without power. temperatures below freezing tonight. that is the other big problem people have been without power for a week and a half in some of these areas. tracy: janice dean. everyone's patience is thin. what happened with snow before christmas? this happened last year too? lori: economic bright spot for ski resorts. i'll trying. tracy: that is a reach. lori: a reach. lori: i said it was desperate. areas for east coast trying to recovery from hurricane sandy, that nor'easter is last thing they need according to janice's now cast. liz macdonald is live from staten island for us. give us a sense how people are feeling today, if relief and recovery is making any progress or they're just battening down the hatches all over again? >> that's right, lori. we're a mile away from the ocean. we're in the heart of the business district on staten island. snow is coming down, big flakes. we're outsid
if it was run of i will in northeaster without sandy yeah we could deal with it. we dealt with it with it before. everything is fragile. including people without homes, people without power. temperatures below freezing tonight. that is the other big problem people have been without power for a week and a half in some of these areas. tracy: janice dean. everyone's patience is thin. what happened with snow before christmas? this happened last year too? lori: economic bright spot for ski resorts....
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it is the sandy stealth stimulus. and i think advisors want to be able to see with all of the damage 60 million people impacted there's a lot of television sets and automobiles and housing and all these things that will be impacted. in terms of purchasing. if you're taxing those people that have that ability, if you're taking away that stimulus, it is going to have an impact on the economy. lori: so do you understand why some people would look at the survey, john, i'm playing devil's advocate, it is really skewed. mitt romney always had the 1%, if you will, vote. is there anything to takeaway in terms of what tax policy should look like across the board, specifically corporate taxes even in that respect to really get the economy and working the jobless crisis as well going again? >> i think so. 70% of the respondents said that we need to see a cut in corporate taxes. now we both know that both candidates are proposing this. i think the key is going to be how well they do in getting rid of loopholes that really have ma
it is the sandy stealth stimulus. and i think advisors want to be able to see with all of the damage 60 million people impacted there's a lot of television sets and automobiles and housing and all these things that will be impacted. in terms of purchasing. if you're taxing those people that have that ability, if you're taking away that stimulus, it is going to have an impact on the economy. lori: so do you understand why some people would look at the survey, john, i'm playing devil's advocate,...
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thousands just never got it back from hurricane sandy. what is in store for the rest of the winter it? how will this impact the economy? that's next next. ashley: i don't know if i want to know. look at do are lar -- dollar. ecb holding key interest rate. and u.s. dropping against -- most currencies dropping against the dollar except for the japanese yen. we'll be right back. those little tngs still t you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for ily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor abt all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. si
thousands just never got it back from hurricane sandy. what is in store for the rest of the winter it? how will this impact the economy? that's next next. ashley: i don't know if i want to know. look at do are lar -- dollar. ecb holding key interest rate. and u.s. dropping against -- most currencies dropping against the dollar except for the japanese yen. we'll be right back. those little tngs still t you. for you, life's about her. but your erectile dysfunction - that could be a question of...
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i think only history will see how sandy plays out. you do have the president acting like a president for a few days because that is his job. dow you have have some people resentful because they do not have the supplies they need. it discourages the vote if you have a lower turnout in those states, you have better results for governor romney. i am anxious to see how the story plays out historically. i think right now we still have romney ahead. i am very nervous about the potential if governor romney does not win. i do feel very good about his ability to pull this thing out. healthcare law. "wall street journal"'s story about low-wage employers shifting more to part-time workers from ull-time workers to avoid the penalty. you are mentioned in that very article that you started a couple months ago to hire part-time employees to replace full-time employees. if romney won, would you move in the other direction? >> absolutely. you take a full-time job break it in half you have to put part-time jobs. you will see that the bureau of labour s
i think only history will see how sandy plays out. you do have the president acting like a president for a few days because that is his job. dow you have have some people resentful because they do not have the supplies they need. it discourages the vote if you have a lower turnout in those states, you have better results for governor romney. i am anxious to see how the story plays out historically. i think right now we still have romney ahead. i am very nervous about the potential if governor...
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Nov 14, 2012
11/12
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cheryl: are you worried about sandy on november? >> they will get part of it back by the end of the month with 150 will be the net effect. they give up 250. cheryl: gentlemen, thank you to both of you. dennis: a video game company and seeing up to give online gaming. small business, big idea. i had. cheryl: and in protest of austerity cuts, global market reaction to all of it coming up. dennis: and a look at the 10-year treasuries. >> tracy byrnes with your fox business brief. market selling continues in after-hours trading. it dow down 85 points. this iprices on expectedly felln october following the three-week gains. leading by declines in energy and auto. fact of the volatility of food and energy costs, core producing prices dropped a tenth of a percent. and christie's auctioned off the joseph diamond last night for 21.1 early in dollars. a world record auction for colorless diamond. one of two out of this world diamonds being auctioned off. they call it exceptionally rare deep blue diamond expected to get about $4.5 million. tha
cheryl: are you worried about sandy on november? >> they will get part of it back by the end of the month with 150 will be the net effect. they give up 250. cheryl: gentlemen, thank you to both of you. dennis: a video game company and seeing up to give online gaming. small business, big idea. i had. cheryl: and in protest of austerity cuts, global market reaction to all of it coming up. dennis: and a look at the 10-year treasuries. >> tracy byrnes with your fox business brief....
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Nov 15, 2012
11/12
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president obama tours devastation from hurricane sandy. where the tattered dreams end up, and it's not pretty. cheryl: winners on the nasdaq, cost cutting, investors like it. we'll be right back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. cheryl: president obama this hour on the ground in stan ten island, turned the devastation a week after the hurricane. liz is to be a mile and a half, it's growing more than the empire state building, approaching the weight of the space station. that's according to the sanitation department, and it's about the size of the -- there, now they say it's 20 football fields. this is the sanitation department saying this operation is bigger than after kat
president obama tours devastation from hurricane sandy. where the tattered dreams end up, and it's not pretty. cheryl: winners on the nasdaq, cost cutting, investors like it. we'll be right back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price....
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going forward, you know, actually, i hate to focus on sandy, but sandy probably will be good for job growth and economic activity. i think we will continue to see this trend of improving job growth in the months ahead. dagen: we talk about the rebuilding and construction work that go on after a storm like this. if you look at sandy right now and the aftermath and the fact you have the most populated area in the entire country, large swaths of it completely shut down, won't that show up in the growth figures negatively? >> you bring up a good question. i think it will distort the numbers for a number of months. the initial impact, i think, is that we will see probably a decline in unemployment because people could not even show up to file for unemployment benefits. i know that is a perverse outcome when people are not able to get to work. it will be a period of volatile numbers ahead, but on balance, i think, we will see a lot of construction workers and other part-time workers being pulled into the workforce in the months ahead to rebuild new york in the area. dagen: most of the cost
going forward, you know, actually, i hate to focus on sandy, but sandy probably will be good for job growth and economic activity. i think we will continue to see this trend of improving job growth in the months ahead. dagen: we talk about the rebuilding and construction work that go on after a storm like this. if you look at sandy right now and the aftermath and the fact you have the most populated area in the entire country, large swaths of it completely shut down, won't that show up in the...
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Nov 12, 2012
11/12
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here is another way to help the victims of sandy. donate your unused vacation days. they have reactivated a benefit allowing workers are participating firms to give up vacation days. they will turn those into a tax-exempt group. that is the latest from the fox business group. giving you the power to prosper. ♪ ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. connell: news alert for you on the fiscal cliff and markets. securing tax hikes on the rich. senator patty murray says go over the cliff if you have to. we have to make sure that the wealthiest americans pay their f
here is another way to help the victims of sandy. donate your unused vacation days. they have reactivated a benefit allowing workers are participating firms to give up vacation days. they will turn those into a tax-exempt group. that is the latest from the fox business group. giving you the power to prosper. ♪ ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and...
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breaking news in the aftermath of sandy. con edison said ma it may take until next saturday or sunday, a week from this weekend november 10 or 11th restoring power to some customers. those served by underground networks in midtown and lower manhattan who lost power during the storm will have their service back by this saturday. lori: that affects me. melissa: come on over, we have plenty of room. lori: an unbelievable tragedy. this is the swath of damage and it is unbelievable. melissa: you can come on over, we're happy to have you. the dogs might have to sit outside, that might be a dealbreaker. lori: on a serious note, the froth thickens over the whole thing of trading, might have less to do with super storm sandy than you think. charlie has exclusive details. >> this will be pored over for the next couple of weeks why they had to close because it is not just getting human beings on the ground, there were contingency plans being worked out saturday by the major exchanges and wall street firms. here's what some of the big b
breaking news in the aftermath of sandy. con edison said ma it may take until next saturday or sunday, a week from this weekend november 10 or 11th restoring power to some customers. those served by underground networks in midtown and lower manhattan who lost power during the storm will have their service back by this saturday. lori: that affects me. melissa: come on over, we have plenty of room. lori: an unbelievable tragedy. this is the swath of damage and it is unbelievable. melissa: you can...
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hurricane sandy was going to affect numbers. well, coal is also giving a tepid outlook, a cautionary tone. that is why you see the stock down 4%. also noting that hurricanes and the effect numbers as well. that is something to factor in. plus to my downgrade from s&p capitol, so you're seeing the retailer with the down arrow, but many retail stocks have down arrows. let's take a look at the major market averages. s&p 500 below that key number of 1400, now at 1388. obviously looking at all new levels as we broke through some support levels that everybody had been watching and hoping that we would hold, but just didn't. back to you. dennis: thank you. fidelity is saying this is a great year so far. the largest retirement plan providers saying the average balance for participants read some $76,000. the highest level since it began tracking values in 2000, up 18% since last year. average account balance also rose because contribution charm employee paycheck deductions increased, and so did matching contributions from employers. cher
hurricane sandy was going to affect numbers. well, coal is also giving a tepid outlook, a cautionary tone. that is why you see the stock down 4%. also noting that hurricanes and the effect numbers as well. that is something to factor in. plus to my downgrade from s&p capitol, so you're seeing the retailer with the down arrow, but many retail stocks have down arrows. let's take a look at the major market averages. s&p 500 below that key number of 1400, now at 1388. obviously looking at...
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we're struggling after the superstorm sandy. we have a nor'easter that will basically sweep through the entire region ahead. we have the latest storm track ahead. lori: scott wren said some of the more romney positive stocks are doing well and there is chatter, some rumor is doing well in some of the swing states that might be driving rally. there are winners and losers. come to your own conclusions. apollo group up 6%. electronic arts a nice pop. there are losers as well. express scripts after 11% and change. -pwe're back after this 0t[h7 [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find me good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ame
we're struggling after the superstorm sandy. we have a nor'easter that will basically sweep through the entire region ahead. we have the latest storm track ahead. lori: scott wren said some of the more romney positive stocks are doing well and there is chatter, some rumor is doing well in some of the swing states that might be driving rally. there are winners and losers. come to your own conclusions. apollo group up 6%. electronic arts a nice pop. there are losers as well. express scripts after...
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connell: new york, new jersey still reeling from hurricane sandy. hundreds of thousands of people without power yet. dagen: janice dean has the very latest. how bad will it be. >> everything is vulnerable. because power lines are vulnerable and trees, the coastline and people vulnerable, it will just add insult to injury. getting reports of snow in atlantic city toward new york, jfk reporting snowflakes as well. into southern connecticut and new england. freezing rain or sleet, it'll be dangerous in some cases, so just prepare, things are crippled in terms of getting home and getting to work. 65 miles per hour, heavy snow for the intersections and coastal flooding and erosion not good news unfortunately for this battered area. dagen: when will it be over? >> friday. everything is so vulnerable, we will see additional power lines down, additional power going out, roads closed off. a bad situation altogether for the very weak coastline. connell: these poor people have already been hit so hard already. what a day. dagen: and here it is, colorado voting
connell: new york, new jersey still reeling from hurricane sandy. hundreds of thousands of people without power yet. dagen: janice dean has the very latest. how bad will it be. >> everything is vulnerable. because power lines are vulnerable and trees, the coastline and people vulnerable, it will just add insult to injury. getting reports of snow in atlantic city toward new york, jfk reporting snowflakes as well. into southern connecticut and new england. freezing rain or sleet, it'll be...
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Nov 29, 2012
11/12
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noting hurricane sandy, macy's same-store sales fell, also mentioned sandy as well. kohl's down 10%. lori: thank you, nicole. an upward revision appeared tonight, but our next guest expects growth to decline for the fourth quarter. deutsche bank security nominee with his outlook for next year, and if we get to it, some expectations on continued stimulus which we heard this week as well. this was the second print out of three on third-quarter gross domestic product. looks like a nice upward provision. about 2%, but if you look under the hood there are some serious problems and i will let you start there. >> a little bit of fine print. consumer spending was revised lower, business investment in equipment and software. for the upward revision was due to a lot more inventory being accumulated last quarter, partly due to a faster pace of economic activity. not the strengthening in the number we would like to see. lori: does it suggest go to the softening consumer picture, people are not buying stuff simply put question marks >> there is a wait-and-see attitude. not only f
noting hurricane sandy, macy's same-store sales fell, also mentioned sandy as well. kohl's down 10%. lori: thank you, nicole. an upward revision appeared tonight, but our next guest expects growth to decline for the fourth quarter. deutsche bank security nominee with his outlook for next year, and if we get to it, some expectations on continued stimulus which we heard this week as well. this was the second print out of three on third-quarter gross domestic product. looks like a nice upward...
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Nov 14, 2012
11/12
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everyone is blaming hurricane sandy. is it really hurricane sandy or more economic malaise? people are nervous. we have the holidays coming. i'm not sure people will spend big time. >> i don't think that hurricane sandy is the whole story. to understand, you have to look back a couple of months. we had very strong results in august and september. in that regard, it is not unusual to give back something after a 12% rate of increase in each of those two months. additionally, i don't think i share your concerns. have a look at the household sector on balance, consumer confidence, for example, is now the highest level it has been in about five years. well is rising. we lost $16 trillion during the crash. the we have recovered at about 13 billion over the past three years. tracy: but i don't really have access to that well. i am speaking from personal experience. it's not like i could refinance my home and put in a new kitchen. >> absolutely. you are right. credit conditions remained stringent by historical standards. but if you ask yourself where that is going, the evidence look
everyone is blaming hurricane sandy. is it really hurricane sandy or more economic malaise? people are nervous. we have the holidays coming. i'm not sure people will spend big time. >> i don't think that hurricane sandy is the whole story. to understand, you have to look back a couple of months. we had very strong results in august and september. in that regard, it is not unusual to give back something after a 12% rate of increase in each of those two months. additionally, i don't think i...
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Nov 12, 2012
11/12
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sandy on track now to become one of the most expensive hurricanes in history. the superstorm caused an estimated $50 billion in economic damages. up to $20 billion in insured loss. this according to the disaster modeling firm eqecat. for more on the impact on the insurance industry we're joined by the director of deloitte insurance industry group and former new york state insurance superintendent. sir, you look at that, and you think, oh, my god how will we ever fay for that? you're saying that the property casualty insurers will be fine. >> the industry is very well-capitalized. $20 billion loss is a huge number. to put it in context that is half what katrina was. the industry is well-capitalized. they can handle the $20 billion in insured losses. but as your intro indicated, $20 billion of insured losses is only a piece of it. the total economic damage is much more. of that will be borne by the taxpayer. tracy: so the taxpayer, you're saying will pick up the bill to repair anything federal? things like that, right? explain that. >> the public infrastructure.
sandy on track now to become one of the most expensive hurricanes in history. the superstorm caused an estimated $50 billion in economic damages. up to $20 billion in insured loss. this according to the disaster modeling firm eqecat. for more on the impact on the insurance industry we're joined by the director of deloitte insurance industry group and former new york state insurance superintendent. sir, you look at that, and you think, oh, my god how will we ever fay for that? you're saying that...
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Nov 20, 2012
11/12
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tracy: hundreds of homes to be demolished in new york and new jersey in the wake of sandy so finding a contractor who is not out to take advantage of you is no easy task. joining us is angie's list co-founder. we have to worry about crooks, but there's a lot out there, aren't there? >> there are. it's app unfortunate situation, especially when a storm of this mag magnitude goes through an area. it brings out those looking to take advantage of you. it's important you are your own advocate making sure you know exactly who you are are working with and question, question, question. tracy: what am i looking for, though? i know your membership is up, up 68% year over year. what can i get from your site to help me make a decision? >> sure. we collect reviews on local service companies to tell you which roofers, which tree service companies have had a good review from consumers in the area, have a good reputation so you can find someone to provide good service, can also direct you to information on insurance, extremely important in these scenarios. what else we are doing is working to bring
tracy: hundreds of homes to be demolished in new york and new jersey in the wake of sandy so finding a contractor who is not out to take advantage of you is no easy task. joining us is angie's list co-founder. we have to worry about crooks, but there's a lot out there, aren't there? >> there are. it's app unfortunate situation, especially when a storm of this mag magnitude goes through an area. it brings out those looking to take advantage of you. it's important you are your own advocate...
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Nov 19, 2012
11/12
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in particular we have, looking at the northeast, this does include hurricane sandy data, correct? >> yes, correct. cheryl: still northeast dragged behind the other three regions of the country. so why? >> partially because we just didn't get many responses. people were either busy trying to help with repairs or didn't have electricity so they couldn't respond. this was all done by internet. our response rate was very low in the northeast. i would not take a lot from that particular number. cheryl: what are the builders telling you about? that is a pretty big jump, what are they saying? >> the buyers they are seeing now are serious buyers. we have been seeing a lot of traffic in model homes and offices, but the difference now is the intended to buy. those consumers are comfortable house prices starting to rise again, comfortable their jobs are probably more secure than i thought before. and so the postponed plans are finally coming to fruition to actually leap forward and purchase a house. cheryl: want to ask about interest rates. housing is not out of the woods. said depending on
in particular we have, looking at the northeast, this does include hurricane sandy data, correct? >> yes, correct. cheryl: still northeast dragged behind the other three regions of the country. so why? >> partially because we just didn't get many responses. people were either busy trying to help with repairs or didn't have electricity so they couldn't respond. this was all done by internet. our response rate was very low in the northeast. i would not take a lot from that particular...
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Nov 26, 2012
11/12
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new york mayor michael bloomberg releasing aid: super storm sandy devastation. the city estimates total public and private losses to be $90 billion. the net cost just south of $10 billion. those are your headlines. dr. dennis. dennis: thank you very much. it is cyber monday, and was expecting you to rack up 1.5-liter dollars of online shopping. adam shapiro at one of the busiest places on earth. the fulfillment center in phoenix, arizona, where 200 orders are being fulfilled every single second. >> that is right. i want you to meet a spokesperson for amazon.com, thank you for having us. their revenue is predicted to beat last year. they were from 16-30%. how crucial is today for that? >> today is an important part of the season and the entire quarter. it is our biggest quarter. this is a big part of that, for sure. >> i was curious, as we come over here, if you talk about quarter being important, and obviously for the success. 200 orders per second, this facility alone or throughout the entire area? cheryl: that was worldwide on cyber monday. that was 17.7 milli
new york mayor michael bloomberg releasing aid: super storm sandy devastation. the city estimates total public and private losses to be $90 billion. the net cost just south of $10 billion. those are your headlines. dr. dennis. dennis: thank you very much. it is cyber monday, and was expecting you to rack up 1.5-liter dollars of online shopping. adam shapiro at one of the busiest places on earth. the fulfillment center in phoenix, arizona, where 200 orders are being fulfilled every single...
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Nov 26, 2012
11/12
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michael bloomberg released in the request for federal aid for recovery following super storm sandy's devastation. they estimate the total to the $19 billion in losses with the net cost to repair the damage south of $10 billion. u.s. immigration and customs enforcement teaming up to announce the seizure of 132 internet domain names accused of selling counterfeit merchandise. according to an icd press release, the websites are set up to do customers into unknowingly buby counterfeit goods this holiday season. those are your headlines, now back to melissa. melissa: thank you so much. as the fiscal cliff looms, one area that could be getting hit is your retirement savings. peter barnes is in washington, d.c., with more on this. why are you focusing on this part of the pie? >> it is one of the biggest tax breaks out there, melissa. budget negotiators talking about trimming all kind of tax deductions as part of the fiscal cliff, and some of these are pretty big ones. but get this, now some researchers argue that may not make a difference on the overall retirement savings which could give n
michael bloomberg released in the request for federal aid for recovery following super storm sandy's devastation. they estimate the total to the $19 billion in losses with the net cost to repair the damage south of $10 billion. u.s. immigration and customs enforcement teaming up to announce the seizure of 132 internet domain names accused of selling counterfeit merchandise. according to an icd press release, the websites are set up to do customers into unknowingly buby counterfeit goods this...